ISLAMABAD – The federal government has decided to double Withholding Tax (WHT) for non filers on buying and selling in property sector.
Federal cabinet has decided to include Rs700 billion new taxes in the forthcoming budget for the fiscal year 2023–2024.
Following extensive discussions with the IMF, the government decided to set the Federal Board of Revenue's (FBR) tax collection goal at Rs9,200 billion, or around Rs1,900 billion higher than the previous fiscal year.
The Finance Bill, which suggested raising the withholding tax on the import of luxury goods, has been finalised by the government.
Additionally, it has been suggested to double the WHT for non-filers when purchasing and selling real estate.
Similar to this, the bill suggests increasing WHT for trading prize bonds.
Pakistani rupee saw slight gains against US dollar in the open market on March 19, 2024, Tuesday.
In the open market, the US dollar was being quoted at 278.6 for buying and 281.45 for selling.
Euro remains unchanged at 303 for buying and 306 for selling while British Pound hovers around 356 for buying, and 359 for selling.
UAE Dirham AED saw slight changes and new rate stands at 75.7 whereas the Saudi Riyal new rates was 73.95.
Currency | Symbol | Buying | Selling |
---|---|---|---|
US Dollar | USD | 278.6 | 281.45 |
Euro | EUR | 303 | 306 |
UK Pound Sterling | GBP | 356 | 359 |
U.A.E Dirham | AED | 75.7 | 76.45 |
Saudi Riyal | SAR | 73.95 | 74.4 |
Australian Dollar | AUD | 182.7 | 184.5 |
Bahrain Dinar | BHD | 741.22 | 749.22 |
Canadian Dollar | CAD | 204 | 206.2 |
China Yuan | CNY | 38.73 | 39.13 |
Danish Krone | DKK | 40.69 | 41.09 |
Hong Kong Dollar | HKD | 35.63 | 35.98 |
Indian Rupee | INR | 3.36 | 3.47 |
Japanese Yen | JPY | 1.86 | 1.94 |
Kuwaiti Dinar | KWD | 903.77 | 912.77 |
Malaysian Ringgit | MYR | 59.25 | 59.85 |
New Zealand Dollar | NZD | 169.5 | 171.5 |
Norwegians Krone | NOK | 26.27 | 26.57 |
Omani Riyal | OMR | 723.7 | 731.7 |
Qatari Riyal | QAR | 76.57 | 77.27 |
Singapore Dollar | SGD | 206 | 208 |
Swedish Korona | SEK | 26.89 | 27.19 |
Swiss Franc | CHF | 315.26 | 317.76 |
Thai Bhat | THB | 7.76 | 7.91 |
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